Turkey ranks first globally in increasing the investment value of its apartments
2022-05-16
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The last year 2021 is considered a golden year for the real estate sector in Turkey, as the sector ended the accounts of the mentioned year with record numbers locally and internationally, from the sector’s achievement of historical sales to foreigners, to the last of which Turkey topped the European countries in general sales of apartments with the sale of one and a half million apartments in 2021.
However, the most glamorous record was that Turkey ranked first in the world in increasing the investment value of its apartments, according to a global real estate report issued by the British real estate agency Knight Frank, in which it assessed the annual increase in the investment value of apartments in 56 countries around the world.
The average annual increase for Turkey apartments is 60%
According to the data of the aforementioned report, Turkey topped the world's countries with the average annual increase in the investment value of its apartments, with the average increase in the investment value of Turkey's apartments reaching 59.6%, with a wide difference between its competitors from countries with global real estate markets.
It is noteworthy that Turkey ranked first with an increase in the investment value, which amounted to 32% during the first quarter of last year, according to a previous report of the same agency.
Besides, three Turkish cities were on the list of the ten cities that witnessed the largest increase in the investment value of their apartments around the world, according to the same report.
New Zealand ranks second and the Czech Republic ranks third
After Turkey, New Zealand ranked second, with the average annual increase in the investment value of residential apartments in New Zealand reaching 22.6% during the last year 2021.
The third place among the countries with the highest rate of annual increase in the investment value of apartments, according to the Knight Frank report, was the Czech Republic, whose rate of increase in the investment value of its apartments during the past year amounted to 22.1%.
The top ten ranks among the countries that witnessed the largest increase in the annual increase in apartments during the past year 2021 were:
|
Rank
|
Country
|
The percentage increase in the investment value of residential apartments 2021
|
 1
|
Turkey
|
How many living rooms are in the apartment?  59,6%
|
|
2
|
Get a free real estate consultation What is your preferred way of communication? How would you like to be contacted?  Get a free real estate consultation Choose the appropriate day for us to contact you New Zealand
|
22,6%
|
|
3
|
The Czech Republic
|
22,1%
|
|
4
|
Slovakia
|
22,1%
|
|
How many living rooms are in the apartment? 5
|
Australia
|
Get a free real estate consultation What is your preferred way of communication? How would you like to be contacted? Get a free real estate consultation Choose the appropriate day for us to contact you 21,8%
|
|
6
|
The Netherlands
|
20,3%
|
|
7
|
USA
|
18,8%
|
|
8
|
South Korea
|
18,4%
|
|
9
|
Jersey Island
|
18,4%
|
|
10
|
Estonia
|
17,3%
|
Edited by Imtilak Real Estate ©
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